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Economics7h 54m ago

Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank's 2% target and flagged the cost of being too late in raising interest rates, signalling resolve to continue pushing up borrowing costs.

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Tokyo, Japan

Who
Bank of Japan Deputy Governor Ryozo Himino, Bank of Japan
What
Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank's 2% target and flagged the cost of being too late in raising interest rates, signalling resolve to continue pushing up borrowing costs.
When
Fri, 19 Jun 2026 02:42:16 GMT · 7h 54m ago
Where
Tokyo, Japan ·
Why
Rising costs of imports due to a weak yen and oil from Middle East conflict, alongside accelerating wholesale inflation, are exacerbating pressure on prices, leading to concerns about inflation overshooting the 2% target.
The Frontline Impact

How this affects you

This signals the Bank of Japan's resolve to continue increasing interest rates, reinforcing market expectations for further rate hikes this year, which could affect borrowing costs and economic growth in Japan.

Story chain

4 events in this thread
  1. Economics5h 17m ago
    On Jun 19, the yen traded around 161.12 per dollar, sparking fears of intervention by Japanese authorities.
    Open article
  2. Economics5h 17m ago
    The Japanese Yen traded around 161.12 per dollar, reaching a near 40-year low.
    Open article
  3. Currently Reading7h 54m ago
    Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank's 2% target and flagged the cost of being too late in raising interest rates, signalling resolve to continue pushing up borrowing costs.
  4. Economics9h 49m ago
    The Japanese Yen remained near four-decade lows, trading at 161.205 yen against the U.S. dollar on Friday, despite a Bank of Japan interest rate hike last week and earlier dollar-selling intervention.
    Open article

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